mortgage renewal: Is it Time to Lock-In your Mortgage Rate at Today’s Low Rates
- 04/30/09 01:02 AM
You would have to go back to the 1950's to find low mortgage rates such as we are experiencing today. The big question around Toronto real estate and Mississauga real estate circles these days is "is it time to lock-in your mortgage at these low rates" The Bank of Canada recently lowered its benchmark lending rate to a historical low, but more unexpectedly announced that they would keep this rate steady until at least June 2010 due to current economic conditions. That means the major banks are not expected to increase their lending rates either. In fact a number of prominent … (0 comments)
You would have to go back to the 1950's to find low mortgage rates such as we are experiencing today. The big question around Toronto real estate and Mississauga real estate circles these days is "is it time to lock-in your mortgage at these low rates"
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